General Motors (GM) Job Cuts and Pontiac Brand Target Market
April 28, 2009 | Component | Comments OffIt was a sad day to learn that the Pontiac brand is dead, and there are more cars than new plants and job cuts are coming. This is part of a restructuring of General Motors (GM), the automaker hopes to contribute to the fight against the fears of bankruptcy.
GM felt the pressure for some time now, and now see them make an offer to its obligations in exchange for its debt for company stock. Currently, GM has $ 28 billion to large and small obligations, under the Securities and Exchange Commission rules for General Motors is releasing its operational plans when he made an exchange offer.
Fox News reports that two people were informed about this plan, and GM has confirmed that this agreement means that we will see the end of Trans Am sports car brand Pontiac. The first Pontiac car was launched 83 years ago. In the first three years, more than half a million vehicles were sold to Pontiac, the brand popularity has increased rapidly thereafter. [ via product-reviews ]
general motors target market - pontiac brand -
